Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Sorry typo in the last para
Should read 21.6p and not 2.16p
The value of the consideration for the Merger is £3,078,691,893.36, based on the number of
Consideration Shares to be issued and the share price of 21.60 pence per Ordinary Share as at
the Latest Practicable Date. The value of the consideration for the Debt Restructuring is up to
£1,017,360,618.19, based on the maximum cash payment payable to Restructuring Plan Creditors
and the maximum number of Creditor Shares and New Equity Warrants to be issued to
Restructuring Plan Creditors and the share price of 21.60 pence per Ordinary Share as at the
Latest Practicable Date
The deal is done at 21.6p
Total shares in issue 18.51billion
New ticker #HBR Mcap £4billion at 2.16p with 18.51billion shares in issue
Lot of whispers doing the rounds on a major ‘hydrocarbon’ discovery at #WestNewton
Can’t firm it up, but I’m going with my gut on this. Bought #UJO Already hold #RBD
News imminent. We’ll all know ?? enough.
?? Good luck all holders.
BMD
Lot of whispers doing the rounds on a major ‘hydrocarbon’ discovery at #WestNewton
Can’t firm it up, but I’m going with my gut on this. Bought #UJO Already hold #RBD
News imminent. We’ll all know ?? enough.
?? Good luck all holders.
BMD
Cheers Manwell02
Yes had a storm from Lee...
Maybe he knows that KOP for the sidetrack was done from the surface casing depth instead of the intermediate casing depth.
Without knowing the KOP depth it is pretty impossible to comment on this any further.
B1Z sidetrack is deviated well this is the known bit, but what type it is unknown.
4types of directional wells
http://directionaldrilling.blogspot.com/2011/07/types-of-directional-well-profile.html?m=1
Eyes on site reported something was happening at ~1568m depth(this is intermediate casing depth) on 20Nov and on 22Nov again.
So considering this is correct, they plugged back the B1 well to ~this depth, set the whipstock and milled the window through the 9 5/8" casing for the sidetrack.
Therefore this sidetrack would be Type III well/ deep kick off well/ J type well.
What Lee is suggesting that B1Z sidetrack is Type I pr Type II...
Unless you can ram the 12" drillbit through the 9 5/5" hole by some magic lol
And looking further down the line this could well become horizontal well into Kirkham Abbey zone who knows.
They would save couple mil at a guess drilling the horizontal well from B1 wellbore instead of drilling it from B2 wellbore...
Never a dull day at West Newton lol
https://twitter.com/UnionJackOil/status/1165210918831218688?s=19
Clearer in this pic from A2 well
Check the wellhead ops from last year at A2 site
https://twitter.com/UnionJackOil/status/1164786908112646147?s=19
2nd pic zoom in
Wellhead behind the barrier
Recon the parts in Bezzer's pic is part of the wellhead or Christmas tree as it is called
Here you go
https://www.ogauthority.co.uk/data-centre/data-downloads-and-publications/well-data/
Tap "Well Data Search Tool"
Takes you publoc wellbore search
https://itportal.ogauthority.co.uk/edufox5live/fox/edu/WONS_WELLBORE_SEARCH_PUBLIC
Put "PEDL183" in License Number, select from the dropdown licenses the correct one and voila all historical wells there
Follow the thread
https://twitter.com/AlbertEdwardJa1/status/1330939363891482624?s=19
Dropped links there as well with some basic instructions
Enjoy
Confuse dot com actually...
Does that mean they are going to drill another well from B2 location?
Unknown yet
Guessing and hoping the sidetrack result will give them the best decision regarding the further West Newton appraisal wells 'C' and 'D'
Fingers crossed this shouted largest gas and oil discovery in 5decades doesn't turn out to be the tiny puddles up norf...
Just looked at RBD Feb2020 Presentation again
From page9:
"Drill first well from West Newton B site, appraising the Kirkham Abbey as well as targeting the Cadeby in a more optimal
location
• Drill second well from West Newton B site to either:
• target the Cadeby formation if successful from B1 well; or
• optimise for the appraisal of the Kirkham Abbey using a deviated well"
So I guess they are going for the latter option now...
RNSTranslator,
Sorry to rain on your parade...
Sidetrack definition:
"Sidetracking out of an existing wellbore is another application of directional drilling. This is done to bypass an obstruction ("fish") in the original wellbore, to explore the extent of a producing zone in a certain sector of a field, or to sidetrack a dry hole to a more promising target. Wells are also sidetracked to access more reservoir by drilling a horizontal hole section from the existing well bore."
You are mixing it all up...
West Newton B site has two cellars installed for wells B1 and B2
B1 well was originally vertical well to test the Cadeby zone and to further appraise the Kirkham Abbey zone. They drilled deviated well to Total Depth of 2295m(2316m MD, 2058m TVDSS), so ~250m deviation from the location at the top .
B2 well is designed as a deviated well(horizontal into Kirkham Abbey zone) to further appraise the Kirkham Abbey zone only
B1 sidetrack is just another shot at drilling another leg/well from the B1 motherbore kicking out the new well (B1Z) from the certain depth, they haven't mentioned it, but we will find out in few weeks time when CAR docs will be updated on EA site, into another direction expecting to find the Kirkham Abbey zone pay and Cadeby zone pay.
(Google "sidetrack well" and push images, you will see what it means exactly)